7)

8)

A retail coffee company is planning to open 110 new coffee outlets that are expected to generate $13.6 million in free cash flows per year, with a growth rate of 2.7% in perpetuity. If the coffee company's WACC is 10.2%, what is the NPV of this expansion? .. The present value of the free cash flows is $ million. (Round to two decimal places.) River Rocks (whose WACC is 11.6%) is considering an acquisition of Raft Adventures (whose WACC is 15.3%). The purchase will cost $102.2 million and will generate cash flows that start at $15.2 million in one year and then grow at 3.8% per year forever. What is the NPV of the acquisition? The net present value of the project is million. (Round to two decimal places.)